Our Bureau

Ahmedabad, April 16: THE Gujarat High Court on Monday admitted a public interest litigation (PIL) seeking directions to authorities to take action against those involved in the Madhavpura Mercantile Cooperative Bank (MMCB) scam, to frame a scheme to return the deposit-holders’ money, to recover the bank’s dues and revive the bank.

The PIL, filed by the Gujarat Chamber of Commerce and Industry (GCCI) and Nav-Gujarat Banks Customers Protection Council, was admitted by a division bench comprising of Chief Justice DM Dharmadhikari and Justice PB Majmudar. The division bench fixed the final hearing on April 24. Besides the state government and the Centre, the petitioners have joined as parties, the Central Registrar of Cooperative Societies, the State Registrar of Cooperatives, the Deposit Insurance & Credit Guarantee Corporation of India, the Central Bureau of Investigation, MMCB and the Reserve Bank of India (RBI).

The GGCI has pointed out that it has filed the PIL to protect the interest of scores of people who have been put in a precarious situation due to the MMCB scam.